Theeb Car Rental Co (SAU:4261) Change In Inventory : ﷼199 Mil (TTM As of Mar. 2024)

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What is Theeb Car Rental Co Change In Inventory?

Theeb Car Rental Co's change in inventory for the quarter that ended in Mar. 2024 was ﷼0 Mil. It means Theeb Car Rental Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Theeb Car Rental Co's change in inventory for the fiscal year that ended in Dec. 2023 was ﷼199 Mil. It means Theeb Car Rental Co's inventory declined by ﷼199 Mil from Dec. 2022 to Dec. 2023 .

Theeb Car Rental Co's Total Inventories for the quarter that ended in Mar. 2024 was ﷼9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Theeb Car Rental Co's Days Inventory for the quarter that ended in Mar. 2024 was 3.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Theeb Car Rental Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.83.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Theeb Car Rental Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Theeb Car Rental Co Change In Inventory Historical Data

The historical data trend for Theeb Car Rental Co's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Theeb Car Rental Co Change In Inventory Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

143.29

104.99

133.41

199.32

Theeb Car Rental Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial												40.26	54.84	47.99	56.23	-

Theeb Car Rental Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼199 Mil.

Theeb Car Rental Co (SAU:4261) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Theeb Car Rental Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7.742	/	207.71	*	365 / 4
	=	3.40

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Theeb Car Rental Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	207.71	/	7.742
	=	26.83

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Theeb Car Rental Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.742	/	306.574
	=	0.03

Theeb Car Rental Co Change In Inventory Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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